The Future of Fiduciary Standards in the US
“The DOL’s conflict of interest rules were vacated on March 15, 2018 by the U.S. Court of Appeals for the 5th Circuit—with the court issuing the final mandate on June 21, 2018. The running debate about the standards of care in the financial...
Tales of 401(k) Administration Gone Awry – Part 2
In Part 2 of our series on 401(k) administration errors, I will discuss some other problems we commonly see when working with clients – particularly new clients – and how we address them. Read full article...
Tales of 401(k) Administration Gone Awry – Part 1
Here is some not-so-breaking news when it comes to how and why things often go wrong when administering 401(k) plans: It’s very often the client’s fault. And here is some even less-than-startling news: Even if they are in fact to blame, clients...
What 401(k) RESA Legislation Means for MEPs and PEPs
By now the retirement industry recognizes that MEPs will play an expanded role in the future of the U.S. retirement system. The question for most retirement specialists is what to do about it. A study of PEPs—currently the most likely-to-pass...
What 401k RESA Legislation Means for MEPs and PEPs
A stand-alone pension bill that re-introduces the concept of a Pooled Employer Plan (PEP) surfaced in the Senate recently, sponsored by Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Ranking Member Ron Wyden, D-Oregon. A previous...
The Fiduciary Standards Conversation is Just Beginning
The Fiduciary Standards Conversation is Just Beginning The DOL’s conflict of interest rules were vacated in their entirety on March 15, 2018 by the U.S. Court of Appeals for the 5th Circuit (which covers Texas, Louisiana, and Mississippi, but...
What 401(k) RESA Legislation Means For MEPS and PEPS
By now the retirement industry recognizes that MEPs will play an expanded role in the future of the U.S. retirement system. The question for most retirement specialists is what to do about it. A study of PEPs—currently the most likely-to pass...
Tax Reform: Some Thoughts on the Impact of the Retirement Provisions in the Tax Cuts and Jobs Act (H.R. 1)
The Bill is on the President’s desk for signature. Most retirement-related provisions that had been included in early versions have been stripped out—the emphasis is on personal and corporate income tax reductions. Read full article...
The History and Future of MEPs and PEPs
Are we headed for a second ‘gold rush’ for multiple employer plans and pooledemployer plans? Legislation favorable to multiple employer plans (MEPs) is broadly expected to pass one of these days, and the pooled employer plan (PEP) variant is one of...